By Jemimah Wellington, JKNewsMedia Reporter
THE TELECOMMUNICATIONS sector in the country is set for a major overhaul as President Bola Tinubu has pledged a review of its regulatory framework to align with global best practices while prioritising infrastructure protection.
During a meeting at the State House with an Airtel delegation led by Chairman Sunil Bharti Mittal, the President emphasised his administration’s commitment to fostering a business-friendly environment that encourages investment and economic growth.
Expressing appreciation for Airtel’s confidence in Nigeria, Tinubu noted the longstanding ties between both nations, particularly referencing discussions with the Indian Prime Minister during his visit.
He highlighted the need to study and adopt successful strategies from India’s telecom sector while ensuring policies are tailored to local realities.
The President assured that tax reforms would create a more favourable climate for investors, stating, “We will work with tax administrators to ensure that whatever needs to be done will support business growth and opportunities.”
Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, commended Tinubu for consistently supporting the telecommunications industry.
He pointed out the President’s approval for the protection of fibre optic and undersea cables as critical national assets, a move aimed at stimulating further growth in the sector.
Airtel Chairman Mittal lauded Tinubu’s economic policies, citing their resemblance to reforms undertaken by India in 1991 that transformed its economy.
He reflected on India’s difficult period, during which duties were lowered, the rupee was floated, and relicensing was introduced, leading to long-term economic expansion.
He noted that the removal of fuel subsidies and floating of the naira demonstrated bold leadership, with the currency’s stabilisation showing positive results.
“Only leaders with resolve can make such tough decisions. Your policies are laying the foundation for long-term growth,” he said.
Mittal described Tinubu’s first term as a crucial period in the country’s economic transformation, expressing optimism about its impact on the investment climate.
